Fulcrum Asset Management LLP grew its holdings in McDonald’s Corporation (NYSE:MCD – Free Report) by 133.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,170 shares of the fast-food giant’s stock after acquiring an additional 4,667 shares during the quarter. Fulcrum Asset Management LLP’s holdings in McDonald’s were worth $1,912,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in McDonald’s by 1.8% during the 2nd quarter. State Street Corp now owns 36,080,505 shares of the fast-food giant’s stock worth $9,752,921,000 after buying an additional 646,675 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of McDonald’s in the second quarter valued at approximately $1,359,276,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of McDonald’s by 17.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,637,785 shares of the fast-food giant’s stock valued at $1,130,587,000 after buying an additional 533,448 shares during the period. Swiss National Bank increased its position in shares of McDonald’s by 6.9% during the first quarter. Swiss National Bank now owns 2,089,980 shares of the fast-food giant’s stock worth $649,545,000 after acquiring an additional 134,480 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of McDonald’s by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,909,321 shares of the fast-food giant’s stock worth $593,366,000 after acquiring an additional 62,562 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
McDonald’s Stock Performance
Shares of MCD stock opened at $282.11 on Wednesday. The firm’s 50-day moving average is $249.44 and its 200-day moving average is $282.33. The stock has a market cap of $199.11 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.25 and a beta of 0.42. McDonald’s Corporation has a 52-week low of $229.20 and a 52-week high of $341.75.
McDonald’s Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $1.93 dividend. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, December 1st. McDonald’s’s dividend payout ratio is currently 58.86%.
McDonald’s News Roundup
Here are the key news stories impacting McDonald’s this week:
- Positive Sentiment: McDonald’s is expanding its Uber partnership across 14 markets, adding delivery and digital-ordering capabilities and loyalty benefits. The effort could improve convenience and generate incremental sales. McDonald’s Expands Uber Partnership: Can It Drive More Growth?
- Positive Sentiment: The company is planning a broader beverage lineup to compete for customers’ drink purchases, potentially creating a new source of sales growth. McDonald’s new drinks take aim at your Starbucks order
- Positive Sentiment: A Pokémon Happy Meal promotion featuring toys and trading cards may boost customer interest and near-term visits, although the articles provide no estimate of its financial impact. McDonald’s x Pokémon collab is now live
- Negative Sentiment: Recent coverage highlights continuing U.S. challenges: guest counts are declining and quarterly revenue missed expectations, despite an earnings-per-share beat. A value bundle being tested at 1,900 restaurants could help, but its results remain uncertain. MCD Stock Outlook: Wall Street Eyes a Potential Upside Breakout After Q3 Results
- Negative Sentiment: One analysis says MCD’s roughly 24% rebound over the past month may have limited further upside, citing free-cash-flow figures. Higher Treasury yields may also weigh on stock valuations more broadly. McDonald’s Stock Is Up 24% in the Last Month – Is MCD Near a Peak?
Wall Street Analysts Forecast Growth
MCD has been the topic of a number of research analyst reports. Mizuho dropped their price objective on shares of McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Wells Fargo & Company upped their target price on shares of McDonald’s from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a research note on Thursday, September 24th. Gordon Haskett lowered their target price on McDonald’s from $315.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Finally, Oppenheimer dropped their price target on McDonald’s from $325.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $297.82.
About McDonald’s
McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app. The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.
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